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Chung Hung Steel sees weak steel market in Q3
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Reportedly, Chung Hung Steel, one of the major carbon steel mills in Taiwan forecasted that the steel market might remain weak in the Q3 due to debt crisis in euro zone, China’s oversupply and continuous falling steel prices in Southeast Asian market.
In 2011, Chung Hung Steel’ sales revenues totaled NT$45.635 billion while its net operating profit reached NT$3.227 billion.
News Date
6/14/2012 9:17:35 AM
reported by
Frio Chou
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